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, it would amend the business tax system and leave the individual tax code largely as it is. that approach is different from the ideas outlined by the two chairmen of the wroo tax-writing committees, both who have proposed detailed comprehensive tax reform plans. while i haven't endorsed either chairman camp's or chairman wyden's plan, they both recognize that the noncorporate business sector, which makes up over half of all u.s. business businesses, is also in need of tax reform. now, this sets them apart from president obama and the proposals in his latest budget. and of course let's not forget hardworking individual americans, far too many of whom who need assistance in filling out their tax returns. these people would be left behind under the president's proposal. the president's budget looks to raise tax revenue largely to increase more spending on what it calls -- quote -- "investmentvestmentsvestments" n infrastructure. that sounds wonderful. however, what is taken to be infrastructure in the minds of the federal bureaucrats, who the president would empower to spend ha
, it would amend the business tax system and leave the individual tax code largely as it is. that approach is different from the ideas outlined by the two chairmen of the wroo tax-writing committees, both who have proposed detailed comprehensive tax reform plans. while i haven't endorsed either chairman camp's or chairman wyden's plan, they both recognize that the noncorporate business sector, which makes up over half of all u.s. business businesses, is also in need of tax reform. now, this...
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and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com could save you fifteen percent or more on car insurance.s everybody knows that. well, did you know that when a tree falls in the forest and no one's around, it does make a sound? ohhh...ugh. geico. little help here. i need>>that's my geico digital insurance id card - gots all my pertinents on it and such. works for me. turn to the camera. >>ah, actually i think my eyes might ha... next! digital insurance id cards. just a tap away on the geico app. >>> all right, time for "one more thing." bob beckel up first. >> wall street journal story. the affordable care act, president obama's signature health care law is already boosting household incomes and spending. can we look at the chart please? on obamacare, personal income is up .3. i can't read it, it's too far away. look at those. it lays to rest a lot of the argument about what a lousy thing it's going to do to the economy. so far,
and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com could save you fifteen percent or more on car insurance.s everybody knows that. well, did you know that when a tree falls in the forest and no one's around, it does make a sound? ohhh...ugh. geico. little help here. i need>>that's my geico digital insurance id card - gots all my pertinents on it...
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his increased annual taxes by -- he's increased taxes, averaging about $4,00 for every household in america. he made a lot of promises that turned out not to be true. he promised that massive government spending would produce prosperity. instead average personal incomes declined $2,00 during his presidency and food stamp dependency's at an all-time high. nearly one in six americans is now living in poverty, including 22% of all children. the work force has sha runge to a smaller proportion -- sha runge to a smaller proportion of the population. he promised government takeover of our health care would reduce our health costs and increase coverage for americans. it's done exactly the opposite. millions more american families have lost their health plans and their doctors than have gained them. and the overwhelming majority has suffered ruinous increases in their health care costs. the result is a declining standard of living at home, a declining respect for america abroad, and a generation in danger of becoming the first in our history to be less well off than their parents. mr. speaker, our
his increased annual taxes by -- he's increased taxes, averaging about $4,00 for every household in america. he made a lot of promises that turned out not to be true. he promised that massive government spending would produce prosperity. instead average personal incomes declined $2,00 during his presidency and food stamp dependency's at an all-time high. nearly one in six americans is now living in poverty, including 22% of all children. the work force has sha runge to a smaller proportion --...
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i know the president suggested an increase in the earned income tax credit yesterday in their budget. they are going to pan that. they have no intention of helping the folks earning minimum wage in our country. you know what, republicans, they should tell the truth. they should tell america that they want people to work for 40 hours a week and still live in poverty. that's what republicans are in essence saying. >> well, your state, voters at least, are big supporters of this. the recent poll shows that 71%, overwhelming numbers, in general for the idea of raising the minimum wage. and when you get more specific to $10.10 an hour, it's still a pretty strong 62%. is that how, though, this is more likely to go, is it going to be state-to-state, or do you think there is real hope for a federal minimum wage hike to $10.10? >> well, there are states that lead on the minimum wage. connecticut is one of those, vermont is one of those, washington is one of those, washington state, washington, d.c., for that matter, is another location. so i think states will lead, but i predict that the polit
i know the president suggested an increase in the earned income tax credit yesterday in their budget. they are going to pan that. they have no intention of helping the folks earning minimum wage in our country. you know what, republicans, they should tell the truth. they should tell america that they want people to work for 40 hours a week and still live in poverty. that's what republicans are in essence saying. >> well, your state, voters at least, are big supporters of this. the recent...
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Mar 5, 2014
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raising the dividend tax? >> it comes into this concern of mine about income inequality and wage inequality that is an epidemic in this country. we have so isolated at handful of women and men in this economy, purposefully. we have not only tolerated they're becoming inordinately rich, but we encourage it -- >> to pick on henry kravitz as one of the names, he pays those taxes and a capital gains transaction. he does charities. i don't know which ones. he does this, that, and the other thing. is that enough? >> it is not even close to enough. for every woman or man who is philanthropic, there are one doesn't want not. we know that the silicon valley people, enormously wealthy, are traditionally an philanthropic. mark zuckerberg notwithstanding. do not assume positive behavior out of trickle down. trickle down is a fraud. enriching the top of society out of the hope that it trickles down philanthropic way or otherwise makes no sense. >> a leo hindery, on ordinary income. not enoughthere is about elon musk. it is
raising the dividend tax? >> it comes into this concern of mine about income inequality and wage inequality that is an epidemic in this country. we have so isolated at handful of women and men in this economy, purposefully. we have not only tolerated they're becoming inordinately rich, but we encourage it -- >> to pick on henry kravitz as one of the names, he pays those taxes and a capital gains transaction. he does charities. i don't know which ones. he does this, that, and the...
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families as the employer mandate tax is for our businesses. i believe that individuals and families deserve the same sort of delay, so on behalf of my constituents in indiana's ninth district and on behalf of all of yours, i encourage all of my colleagues to support this bill and to support simple fairness. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the gentleman from washington is recognized. mr. mcdermott: madam speaker, i yield three minutes to the gentleman from oregon, mr. blumenauer. -- speaker pro tempore: mr. mcdermott: i give three minutes to mr. davis from chicago first. the speaker pro tempore: the gentleman from illinois is recognized for three minutes. mr. davis: thank you, madam speaker. and i rise in strong opposition h.r. 4118, the 50th vote to repeal the health care act which passed and implemented with decreased coverage and increase the number of people who are not insured by as much as 11 million people in this country. it's unbelievable that we would be on the floor voting for
families as the employer mandate tax is for our businesses. i believe that individuals and families deserve the same sort of delay, so on behalf of my constituents in indiana's ninth district and on behalf of all of yours, i encourage all of my colleagues to support this bill and to support simple fairness. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the gentleman from washington is recognized. mr. mcdermott: madam speaker, i yield three minutes to...
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we are here today because failures within the irs are not isolated to just tax-exempt division. four months ago when obamacare opened for business -- this fast and this hearing is now over but this investigation is not. >> you see, the investigation is never over with congressman issa. if it's not solyndra, it's benghazi or obamacare. and this year promises more of the same. congressman issa's agenda for 2014 includes more hearings on the irs, benghazi, and fast and furious. what a surprise. joining me now are joy reid and ryan grim. thank you both for coming on the show tonight. >> thank you. >> thank you. >> joy, is issa just throwing stuff at the wall, it doesn't matter if any sticks at all? >> no, it's interesting. so darrell issa's job is to sort of make real a lot of the conspiracy theories you see on the right and right wing media. they've got these -- it's issa's job to deliver. he keeps promising he's going to deliver. that any day he's going to deliver hard proof on solyndra, benghazi, or the irs. and i think one of the reasons he's failing is because you have congress
we are here today because failures within the irs are not isolated to just tax-exempt division. four months ago when obamacare opened for business -- this fast and this hearing is now over but this investigation is not. >> you see, the investigation is never over with congressman issa. if it's not solyndra, it's benghazi or obamacare. and this year promises more of the same. congressman issa's agenda for 2014 includes more hearings on the irs, benghazi, and fast and furious. what a...
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they've rolled back the bush tax cuts. they're buried a lot of tax surprises in the code to pay for obamacare. it's certainly not helpful. >> i know harry reid takes the senate floor and he says these obamacare suffering stories, they're lies. what do you have to say to him? >> i could agree with harry reid, but then we'd both be wrong. people are losing their insurance after the president said they wouldn't. businesses are on the side line not expanding because of the expensive obamacare. these aren't lies. these are real stories that real people are experiencing. >> you're fighting to keep your business going. i know you're also fighting for your daughter's life. i want to give everyone the web site here. where can they go to find out more about her struggles and fight? >> today is her birthday. she's ten years old today. our web site is hannah'shopefund.org. if you want to donate, you can do it. we're the only charity in the world for her very rare disease. it's kind of like lou gehrig's disease, but strikes kids. >> we
they've rolled back the bush tax cuts. they're buried a lot of tax surprises in the code to pay for obamacare. it's certainly not helpful. >> i know harry reid takes the senate floor and he says these obamacare suffering stories, they're lies. what do you have to say to him? >> i could agree with harry reid, but then we'd both be wrong. people are losing their insurance after the president said they wouldn't. businesses are on the side line not expanding because of the expensive...